Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Shares Down 1.7% – Time to Sell?

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU)’s stock price were down 1.7% during trading on Thursday . The company traded as low as $39.42 and last traded at $39.52. Approximately 2,128,973 shares were traded during trading, a decline of 35% from the average daily volume of 3,292,164 shares. The stock had previously closed at $40.19.

Direxion Daily AMZN Bull 2X Shares Price Performance

The company’s fifty day simple moving average is $35.73 and its 200-day simple moving average is $34.75. The firm has a market capitalization of $357.66 million, a PE ratio of 32.75 and a beta of 2.49.

Direxion Daily AMZN Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.1722 per share. This represents a $0.69 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares

Large investors have recently modified their holdings of the business. Safe Harbor Fiduciary LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at about $41,000. SOA Wealth Advisors LLC. boosted its stake in Direxion Daily AMZN Bull 2X Shares by 56.9% in the 1st quarter. SOA Wealth Advisors LLC. now owns 1,764 shares of the company’s stock worth $47,000 after purchasing an additional 640 shares in the last quarter. Hollencrest Capital Management purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth approximately $69,000. Parallel Advisors LLC grew its position in Direxion Daily AMZN Bull 2X Shares by 507.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,975 shares of the company’s stock worth $69,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Direxion Daily AMZN Bull 2X Shares by 13.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the company’s stock valued at $202,000 after purchasing an additional 665 shares in the last quarter.

About Direxion Daily AMZN Bull 2X Shares

The Direxion Daily AMZN Bull 1.5X Shares ETF (AMZU) is an exchange-traded fund that is based on the Amazon.com, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZU was launched on Sep 7, 2022 and is managed by Direxion.